Draghi: ECB to intensify actions to boost inflation if necessary

December 7, 2015 9:01 AM

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But investors were disappointed by the changes, which included taking interest rates even deeper into negative territory and extending the timeframe of its €60bn (£43.2bn) a month bond buying programme.

In all, around 188 billion euros of the 5.5 trillion euros ($5.8 trillion) of government debt in the ECB's chosen maturity range, from two to 30 years, yields less than the deposit rate of -0.3 percent, the cut-off for purchases under the scheme. This would boost demand, in turn stoking inflation an...